Q3 2025 · 13F-HR
Callahan Advisors, LLCholdings as filed
Filed 2025-10-31 · accession 0001140361-25-039992
$1.18B
Reported value
168
Positions
2025-09-30
Period end
The Brief · Callahan Advisors, LLC · Q3 2025
AI · grounded in 13F
Callahan Advisors, LLC reduced its position in Canadian Natl Ry Co CNI by 26.91%. The fund also trimmed its holding in Accenture PLC CL A ACN by 14.71%. On the buy side, the fund increased its stake in NextEra Energy, Inc NEE by 8.66% and NVIDIA Corp NVDA by 5.42%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 30303M102 | META | Meta Platforms Inc Class A | $74.8M | 6.35% | 101,876 | Common | SOLE |
| 02079K107 | GOOG | Alphabet Inc Class C | $66.8M | 5.67% | 274,314 | Common | SOLE |
| 594918104 | MSFT | Microsoft Corp | $64.6M | 5.49% | 124,703 | Common | SOLE |
| 023135106 | AMZN | Amazon Com Inc | $49.2M | 4.18% | 224,006 | Common | SOLE |
| 037833100 | AAPL | Apple Computer Inc | $37.2M | 3.16% | 146,065 | Common | SOLE |
| 11271J107 | BN | Brookfield Corp | $32.7M | 2.77% | 476,156 | Common | SOLE |
| 46625H100 | JPM | JPMorgan Chase & Co. | $30.9M | 2.62% | 97,813 | Common | SOLE |
| 084670702 | BRK/B | Berkshire Hathaway Cl B | $29.6M | 2.51% | 58,900 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA Corp | $29.4M | 2.49% | 157,306 | Common | SOLE |
| H1467J104 | CB | Chubb Ltd F | $27.0M | 2.29% | 95,597 | Common | SOLE |
| 149123101 | CAT | Caterpillar Inc | $25.9M | 2.20% | 54,385 | Common | SOLE |
| 65339F101 | NEE | NextEra Energy, Inc | $24.6M | 2.09% | 325,925 | Common | SOLE |
| 09857L108 | BKNG | Booking Holdings Inc | $24.5M | 2.08% | 4,540 | Common | SOLE |
| 478160104 | JNJ | Johnson & Johnson | $22.9M | 1.95% | 123,728 | Common | SOLE |
| 713448108 | PEP | Pepsico Incorporated | $19.4M | 1.65% | 137,913 | Common | SOLE |
| 26884L109 | EQT | EQT Corp | $18.9M | 1.60% | 346,981 | Common | SOLE |
| 717081103 | PFE | Pfizer Incorporated | $18.2M | 1.54% | 713,797 | Common | SOLE |
| 863667101 | SYK | Stryker Corp | $18.1M | 1.54% | 48,895 | Common | SOLE |
| 57636Q104 | MA | Mastercard Inc | $17.6M | 1.50% | 30,977 | Common | SOLE |
| 580135101 | MCD | McDonalds Corp | $17.6M | 1.50% | 57,959 | Common | SOLE |
| 91324P102 | UNH | United Healthcare Cor | $17.2M | 1.46% | 49,672 | Common | SOLE |
| 742718109 | PG | Procter & Gamble Co | $16.4M | 1.39% | 106,840 | Common | SOLE |
| 31428X106 | FDX | FedEx Corporation | $15.6M | 1.32% | 66,142 | Common | SOLE |
| 931142103 | WMT | Walmart Inc | $15.5M | 1.32% | 150,514 | Common | SOLE |
| 038222105 | AMAT | Applied Materials Inc | $15.5M | 1.31% | 75,555 | Common | SOLE |
| 30231G102 | XOM | Exxon Mobil Corp | $15.4M | 1.30% | 136,230 | Common | SOLE |
| 548661107 | LOW | Lowes Companies Inc | $15.1M | 1.28% | 60,090 | Common | SOLE |
| 532457108 | LLY | Eli Lilly & Company | $14.3M | 1.21% | 18,694 | Common | SOLE |
| 166764100 | CVX | Chevron Corp | $13.5M | 1.14% | 86,715 | Common | SOLE |
| N07059210 | ASML | A S M L Holding Nv New | $12.5M | 1.06% | 12,881 | Common | SOLE |
| G8473T100 | STE | Steris Corp | $12.1M | 1.03% | 48,804 | Common | SOLE |
| 34959E109 | FTNT | Fortinet Inc | $11.6M | 0.98% | 137,796 | Common | SOLE |
| 002824100 | ABT | Abbott Laboratories | $11.4M | 0.97% | 85,033 | Common | SOLE |
| 911363109 | URI | United Rentals Inc | $10.8M | 0.92% | 11,296 | Common | SOLE |
| 26969P108 | EXP | Eagle Materials Inc | $10.5M | 0.89% | 45,208 | Common | SOLE |
| 22052L104 | CTVA | Corteva Inc | $10.1M | 0.86% | 149,539 | Common | SOLE |
| 00724F101 | ADBE | Adobe Systems Inc | $9.8M | 0.83% | 27,669 | Common | SOLE |
| G29183103 | ETN | Eaton Corporation | $9.7M | 0.83% | 26,017 | Common | SOLE |
| 79466L302 | CRM | Salesforce Com | $9.6M | 0.81% | 40,419 | Common | SOLE |
| 49456B101 | KMI | Kinder Morgan Inc | $9.5M | 0.81% | 337,099 | Common | SOLE |
| 267475101 | DY | Dycom Industries Inc | $9.5M | 0.81% | 32,571 | Common | SOLE |
| 704326107 | PAYX | Paychex Inc | $9.4M | 0.80% | 73,882 | Common | SOLE |
| 874039100 | TSM | Taiwan Semiconductr Adrf | $8.8M | 0.75% | 31,595 | Common | SOLE |
| 46266C105 | IQV | Iqvia Holdings Inc | $8.6M | 0.73% | 45,113 | Common | SOLE |
| 95040Q104 | WELL | Welltower Inc | $8.2M | 0.69% | 45,797 | Common | SOLE |
| 136375102 | CNI | Canadian Natl Ry Co | $7.4M | 0.62% | 78,010 | Common | SOLE |
| 02079K305 | GOOGL | Alphabet Inc Class A | $7.2M | 0.61% | 29,494 | Common | SOLE |
| 00206R102 | T | AT&T Inc | $6.9M | 0.59% | 245,211 | Common | SOLE |
| 14149Y108 | CAH | Cardinal Health Inc | $6.8M | 0.58% | 43,350 | Common | SOLE |
| 172908105 | CTAS | Cintas Corp | $6.8M | 0.57% | 32,902 | Common | SOLE |
| 126650100 | CVS | CVS Health Corporation | $6.7M | 0.57% | 88,808 | Common | SOLE |
| 254687106 | DIS | Disney Walt Hldg Co | $6.2M | 0.52% | 53,787 | Common | SOLE |
| G96629103 | WTW | Willis Tower Watson P F | $6.1M | 0.52% | 17,690 | Common | SOLE |
| 29250N105 | ENB | Enbridge Inc | $6.1M | 0.51% | 120,065 | Common | SOLE |
| 025816109 | AXP | American Express Company | $5.9M | 0.50% | 17,828 | Common | SOLE |
| 92345Y106 | VRSK | Verisk Analytics Inc | $5.2M | 0.44% | 20,494 | Common | SOLE |
| G1151C101 | ACN | Accenture PLC CL A | $5.1M | 0.44% | 20,872 | Common | SOLE |
| 858927106 | STEL | Stellar Bancorp Inc | $4.9M | 0.42% | 162,733 | Common | SOLE |
| 74340W103 | PLD | Prologis Inc | $4.7M | 0.40% | 40,978 | Common | SOLE |
| 17275R102 | CSCO | Cisco Systems Inc | $4.6M | 0.39% | 66,921 | Common | SOLE |
| 98138H101 | WDAY | Workday Inc | $4.1M | 0.35% | 17,070 | Common | SOLE |
| 884903808 | TRI4EUR | Thomson Reuters Corp | $4.1M | 0.35% | 26,314 | Common | SOLE |
| 806857108 | SLB | Schlumberger Ltd | $4.0M | 0.34% | 115,783 | Common | SOLE |
| 70432V102 | PAYC | Paycom Software Inc | $3.9M | 0.33% | 18,540 | Common | SOLE |
| 81762P102 | NOW | Service Now Inc | $3.6M | 0.30% | 3,900 | Common | SOLE |
| 665859104 | NTRS | Northern Trust Corp | $3.6M | 0.30% | 26,553 | Common | SOLE |
| 191216100 | KO | Coca Cola Company | $3.6M | 0.30% | 53,840 | Common | SOLE |
| 437076102 | HD | Home Depot Inc | $3.4M | 0.29% | 8,468 | Common | SOLE |
| 229899109 | CFR | Cullen/Frost Bankers, Inc. | $3.4M | 0.29% | 26,997 | Common | SOLE |
| 29362U104 | ENTG | Entegris Inc | $3.2M | 0.27% | 34,398 | Common | SOLE |
| 92826C839 | V | Visa Inc Cl A | $3.2M | 0.27% | 9,239 | Common | SOLE |
| 52110M109 | LAZ | Lazard Inc | $3.1M | 0.26% | 58,684 | Common | SOLE |
| 872540109 | TJX | T J X Cos Inc | $3.1M | 0.26% | 21,425 | Common | SOLE |
| 084670108 | BRK/A | Berkshire Hathaway Cl A | $3.0M | 0.26% | 4 | Common | SOLE |
| 427866108 | HSY | Hershey Foods Corp | $3.0M | 0.25% | 15,814 | Common | SOLE |
| 98978V103 | ZTS | Zoetis Inc | $2.7M | 0.23% | 18,704 | Common | SOLE |
| 26875P101 | EOG | E O G Resources Inc | $2.7M | 0.23% | 24,166 | Common | SOLE |
| 830940102 | SKWD | Skyward Specialty Ins Gr | $2.5M | 0.21% | 53,032 | Common | NONE |
| 75513E101 | RTX | RTX Corp | $2.5M | 0.21% | 14,875 | Common | SOLE |
| 369550108 | GD | General Dynamics Corp | $2.4M | 0.21% | 7,147 | Common | SOLE |
| 293792107 | EPD | Enterprise Prd Prtnrs Lp | $2.4M | 0.20% | 77,048 | Common | SOLE |
| 539830109 | LMT | Lockheed Martin Corp | $2.4M | 0.20% | 4,709 | Common | SOLE |
| 088606108 | BHP | Bhp Billiton Ltd Adr | $2.3M | 0.20% | 41,860 | Common | SOLE |
| 235851102 | DHR | Danaher Corp | $2.3M | 0.20% | 11,746 | Common | SOLE |
| 904767704 | — | Unilever Plc Adr New | $2.2M | 0.19% | 37,600 | Common | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF | $2.2M | 0.19% | 3,290 | Common | SOLE |
| 23331A109 | DHI | D R Horton Co | $2.1M | 0.18% | 12,501 | Common | SOLE |
| 718172109 | PM | Philip Morris Intl Inc | $2.1M | 0.18% | 12,905 | Common | SOLE |
| 808524102 | SCHB | Schwab US Broad Market ETF | $2.0M | 0.17% | 78,338 | Common | SOLE |
| 58933Y105 | MRK | Merck & Co Inc | $2.0M | 0.17% | 23,917 | Common | SOLE |
| 46429B655 | FLOT | Ishares Floating Rate ETF | $2.0M | 0.17% | 38,620 | Common | SOLE |
| 115637209 | BF/B | Brown Forman Corp Cl B | $1.9M | 0.16% | 71,649 | Common | SOLE |
| 25243Q205 | DEO | Diageo Plc New Adr | $1.8M | 0.16% | 19,143 | Common | SOLE |
| 09248F109 | — | Blackrock Municipal Inco | $1.8M | 0.15% | 179,326 | Common | SOLE |
| 654106103 | NKE | Nike Inc Class B | $1.7M | 0.15% | 24,528 | Common | SOLE |
| 76131D103 | QSR | Restaurant Brands | $1.6M | 0.14% | 25,030 | Common | SOLE |
| 337932107 | FE | Firstenergy Corp | $1.5M | 0.13% | 32,600 | Common | SOLE |
| 00287Y109 | ABBV | AbbVie Inc | $1.4M | 0.12% | 5,909 | Common | SOLE |
| 37940X102 | GPN | Global Payments Inc | $1.3M | 0.11% | 16,152 | Common | SOLE |
| 49177J102 | KVUE | Kenvue Inc | $1.3M | 0.11% | 80,523 | Common | SOLE |
| 907818108 | UNP | Union Pacific Corp | $1.3M | 0.11% | 5,316 | Common | SOLE |
| 459200101 | IBM | Intl Business Machines | $1.2M | 0.10% | 4,359 | Common | SOLE |
| 94106L109 | WM | Waste Management Inc Del | $1.2M | 0.10% | 5,488 | Common | SOLE |
| 11135F101 | AVGO | Broadcom Inc | $1.2M | 0.10% | 3,518 | Common | SOLE |
| 56035L104 | MAIN | Main Street Capital Corp | $1.1M | 0.10% | 17,946 | Common | SOLE |
| 337738108 | FISV | Fiserv Inc | $1.1M | 0.10% | 8,829 | Common | SOLE |
| 09249N101 | BLE | Blackrock Municipal Inco | $989,013 | 0.08% | 94,642 | Common | SOLE |
| 358435105 | FRD | FRIEDMAN INDS INC COM | $955,104 | 0.08% | 43,622 | Common | SOLE |
| 855244109 | SBUX | Starbucks Corp | $942,057 | 0.08% | 11,135 | Common | SOLE |
| 7591EP100 | RF | Regions Financial Cp New | $888,669 | 0.08% | 33,700 | Common | SOLE |
| 32020R109 | FFIN | 1st Finl Banksh | $836,876 | 0.07% | 24,870 | Common | SOLE |
| G16252101 | BIP | Brookfield Infra Ptnrs | $834,615 | 0.07% | 25,376 | Common | SOLE |
| 682680103 | OKE | ONEOK Inc | $804,692 | 0.07% | 11,028 | Common | SOLE |
| 20825C104 | COP | ConocoPhillips | $796,183 | 0.07% | 8,417 | Common | SOLE |
| 68389X105 | ORCL | Oracle Corporation | $777,202 | 0.07% | 2,763 | Common | SOLE |
| 02209S103 | MO | Altria Group Inc. | $744,066 | 0.06% | 11,263 | Common | SOLE |
| 25278X109 | FANG | Diamondback Energy | $727,046 | 0.06% | 5,081 | Common | SOLE |
| 22160K105 | COST | Costco Whsl Corp New | $712,968 | 0.06% | 770 | Common | SOLE |
| 44952J104 | CRGY | Crescent Energy Co A | $645,848 | 0.05% | 72,405 | Common | SOLE |
| 09253T101 | XMVTX | Blackrock Munivest II Cf | $602,874 | 0.05% | 56,714 | Common | SOLE |
| 256746108 | DLTR | Dollar Tree Inc | $529,888 | 0.05% | 5,615 | Common | SOLE |
| 64110L106 | NFLX | Netflix Inc | $525,277 | 0.04% | 438 | Common | SOLE |
| 75886F107 | REGN | Regeneron Pharms Inc | $523,520 | 0.04% | 931 | Common | SOLE |
| 064149107 | BNS | Bank Of Nova Scotia | $503,300 | 0.04% | 7,785 | Common | SOLE |
| 110122108 | BMY | Bristol-Myers Squibb Co | $499,699 | 0.04% | 11,080 | Common | SOLE |
| 459044103 | IBOC | Intl Bancshares Corp | $480,219 | 0.04% | 6,985 | Common | SOLE |
| 88160R101 | TSLA | Tesla Motors Inc | $463,398 | 0.04% | 1,042 | Common | SOLE |
| 09247D105 | XBKNX | Blackrock Investment Qlt | $461,643 | 0.04% | 40,709 | Common | SOLE |
| 922908363 | VOO | Vanguard S&P 500 ETF | $459,150 | 0.04% | 750 | Common | SOLE |
| 670928100 | NUV | Nuveen Muni Value Fund | $416,279 | 0.04% | 46,356 | Common | SOLE |
| 44951W106 | IESC | Ies Hldgs Inc | $397,650 | 0.03% | 1,000 | Common | SOLE |
| 512807306 | LRCX | Lam Research Corp | $395,634 | 0.03% | 2,955 | Common | SOLE |
| 46120E602 | ISRG | Intuitive Surgical New | $385,512 | 0.03% | 862 | Common | SOLE |
| 726503105 | PAA | Plains All Amern Ppln Lp | $371,106 | 0.03% | 21,753 | Common | SOLE |
| 46090E103 | QQQ | Invesco QQQ Trust ETF Unit | $349,910 | 0.03% | 583 | Common | SOLE |
| 375558103 | GILD | Gilead Sciences Inc | $349,307 | 0.03% | 3,147 | Common | SOLE |
| 92204A884 | VOX | Vanguard Telecom ETF | $328,528 | 0.03% | 1,750 | Common | SOLE |
| 882508104 | TXN | Texas Instruments Inc | $328,475 | 0.03% | 1,788 | Common | SOLE |
| 718546104 | PSX | Phillips 66 | $312,302 | 0.03% | 2,296 | Common | SOLE |
| 291011104 | EMR | Emerson Electric Co | $308,273 | 0.03% | 2,350 | Common | SOLE |
| 756109104 | O | Realty Income Corp | $299,391 | 0.03% | 4,925 | Common | SOLE |
| 84472E102 | SSB | SouthState Bank Corp | $296,610 | 0.03% | 3,000 | Common | SOLE |
| 78463V107 | GLD | Spdr Gold TRUST | $286,153 | 0.02% | 805 | Common | SOLE |
| 88579Y101 | MMM | 3M Co | $283,311 | 0.02% | 1,826 | Common | SOLE |
| 21036P108 | STZ | Constellation Brand | $278,574 | 0.02% | 2,069 | Common | SOLE |
| 09260D107 | BX | Blackstone Inc | $278,511 | 0.02% | 1,630 | Common | SOLE |
| 92204A504 | VHT | Vanguard Health Care ETF | $275,436 | 0.02% | 1,061 | Common | SOLE |
| 71424F105 | PR | Permian Resources Corp | $269,933 | 0.02% | 21,089 | Common | SOLE |
| 04010L103 | ARCC | Ares Capital Corp | $269,421 | 0.02% | 13,200 | Common | SOLE |
| 92206C870 | VCIT | Vanguard Corp Bond ETF | $262,222 | 0.02% | 3,118 | Common | SOLE |
| 842587107 | SO | The Southern Company | $255,879 | 0.02% | 2,700 | Common | SOLE |
| 922908769 | VTI | Vanguard Total Stock Mkt | $251,053 | 0.02% | 765 | Common | SOLE |
| 36828A101 | GEV | GE Vernova Inc | $250,879 | 0.02% | 408 | Common | SOLE |
| 12740C103 | CADE | Cadence Bancorporati | $245,512 | 0.02% | 6,540 | Common | SOLE |
| 115236101 | BRO | Brown & Brown Inc | $230,564 | 0.02% | 2,458 | Common | SOLE |
| 87807B107 | TRP | TC Energy Corp | $228,522 | 0.02% | 4,200 | Common | SOLE |
| 92204A702 | VGT | Vanguard Info Technology ETF | $226,995 | 0.02% | 304 | Common | SOLE |
| 573874104 | MRVL | Marvell Tech Group | $226,989 | 0.02% | 2,700 | Common | SOLE |
| 369604301 | GE | GE Aerospace | $221,296 | 0.02% | 736 | Common | SOLE |
| 921908844 | VIG | Vanguard Div Apprciation ETF | $218,262 | 0.02% | 1,011 | Common | SOLE |
| 22788C105 | CRWD | Crowdstrike Hldgs Inc | $217,238 | 0.02% | 443 | Common | SOLE |
| 72651A207 | PAGP | Plains Gp Hldgs L P | $211,584 | 0.02% | 11,600 | Common | SOLE |
| 92343V104 | VZ | Verizon Communications | $210,960 | 0.02% | 4,800 | Common | SOLE |
| 25179M103 | DVN | Devon Energy Corp New | $207,654 | 0.02% | 5,923 | Common | SOLE |
| 13646K108 | CP | Canadian Pac Railway | $206,337 | 0.02% | 2,770 | Common | SOLE |
| 01877R108 | ARLP | Alliance Resource Par Lp | $202,280 | 0.02% | 8,000 | Common | SOLE |
| 85236P101 | SLNG | Stabilis Solutions Inc | $122,874 | 0.01% | 28,182 | Common | SOLE |
| 76680V108 | REI | Ring Energy Inc | $30,586 | 0.00% | 28,061 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.